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Figure 10-1: Supply shift with perfectly elastic demand

S2
S1

e2 e1
p
D
P

0 q2 q1

Q
Figure 10.3: Cost curves for C = 10 + .75q.2

10 profits
A
9 p=9

8
2.833
7

6 B
5

0
0 1 2 3 4 5 6 7 8
Figure 10.4: Cost curves with tax.

10
C A
9 p=9
8

7 D

6 B

0
0 1 2 3 4 5 6 7 8
Figure 10.5: The firm’s supply decision.

14
13
(8,12)
12
11 (7,10.5)
10
(6,9)
9
8 (5,7.5)

7
(4,6)
6
5
4
3
2
1
0
0 1 2 3 4 5 6 7 8 9 10 11 12
Figure 10-6: Short-run market supply curve

p p
9 9
S = MC = 1.5q
8 8

7 7

6 6

5 5

4 4

3 3

2 2

1 1

0 q 0 q
0 1 2 3 4 5 6 0 5 10 15 20 25 30

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